Redwood Plans 5th RMBS of Year

Redwood Trust is back with is fifth private-label residential mortgage backed securitization of 2013, according to a presale report published today by Kroll Bond Ratings.

Sequoia Mortgage Trust 2013-5 consists of two fixed rate tranches with a preliminary ‘AAA’ rating from Kroll. The capital structure will also offer $29 million of fixed rate notes that have not been rated by Kroll.

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